Absolutely Great Post ukiyo!
You nailed it on the head, the louder the voice, the more that will be done to silence it! If JPM does not want to play ball, maybe the FDIC doesn't want the publicity and maybe they will settle first. Once out of BK, WMI will move to make some serious noise about JPM and work the magic. The thing about it all, is they do not need the publicity, especially when the market is starting to recover and something like the "real facts" of the WAMU seizure will put a dent in the DOW. If investors in financial companies know they can be wiped out overnight, they will not invest. This is why we have the new "TOO BIG TO FAIL" concept proposed by Treasury and the Fed. Both of whom want the FDIC to make sure the WMI matter is no longer a matter. JPM will fight it because of the arrogance of the CEO, but once he gets beat on a couple of motions, the settlement talks will resume and he will be forced by the board to settle. PPS is the one of the main things a CEO is charge of and he needs to make sure it goes back up above where it was before the seizure of WAMU. Somewhere in the $40 range. If he can get this up, he is not gonna jeopardize it. We need motions approved for discovery!
News 
Market Data 
Discover 
